SEBI: SEBI has decided to allows FPIs (Foreign Portfolio Investments) to participate in the Exchange Traded Commodity Derivatives market to enhance liquidity & market depth. (Press Release N0. 21/2022 Dated 29th June 2022)
MCA: Last date for filing of LLP Form 11 (Annual Return) for the F.Y. 2021-22 without paying additional fee has been extended upto 15th July 2022 by MCA (General Circular No. 07/2022 Dated 29th June 2022)
Customs: CBIC has notified the Rate of Exchange of Swiss Franc w.e.f. 30.06.2022. (Notification No. 54/2022 -Customs (N.T.) Dated 29th June 2022)
Income Tax: CBDT has notified Tolerance range of one per cent for wholesale trading and three per cent in all other cases for assessment year 2022-2023. (Notification No. 70/2022-Income Tax Dated 28th June 2022)
SEBI: SEBI has reviewed the framework for adjustment in derivative contracts for dividend announcements. (Circular No. SEBI/HO/MRD2/ MRD2_DCAP/ P/CIR/2022/90 Dated 28th June 2022)
DGFT: DGFT has issued clarification on Chip Import Monitoring System (CHIMS). (Policy Circular No. 40/2015-2020 Dated 27th June 2022)
Income Tax: CBDT has issued Circular for TDS under Section 194S on transactions other than those taking place on or through an Exchange. (Circular no. 14 of 2022 F. No. 370142/29/2022-TPL (Part 1) Dated 28th June 2022)
GST: The Government of India has appointed Shri. Nitin Gupta, IRS as Chairman, Central Board of Direct Taxes (CBDT). (Notification No.31/1/2022-EO(SM-II Dated 25th June 2022)
Income Tax: CBDT has notified the ‘Seventy Second Investment Company LLC’, as sovereign wealth fund for the purpose of section 10(23FE) exemption. (Notification No. 69/2022-Income Tax Dated 27th June 2022)
Customs: CBIC has issued the Customs Brokers Licensing (Amendment) Regulations, 2022. (Notification No. 52/2022-Customs (N.T.) Dated 24th June 2022 )
Income Tax: CBDT has notified the Format, Procedure and Guidelines for submission of Form No. 1 (Return of Taxable Securities Transactions For recognized stock exchanges), Form No. 2 (Return of Taxable Securities Transactions for Mutual Funds), and Form No. 2A (Return of Taxable Securities Transactions for Insurance Company) for Securities Transaction Tax (STT). (Notification No. …
SEBI: SEBI has provided the facility to block funds via UPI in public issues of units of Real Estate Investment Trust (REITs) & Infrastructure Investment Trusts (InvITs). (Circular No. SEBI/HO/DDHS/DDHS_DIV3/P/CIR/2022/085 AND 086 Dated 24th June 2022)
SEBI: SEBI specified that all Alternate Investment Funds (AIFs) shall ensure that the Manager to AIF shall designates an employee or director as “Compliance Officer”. (Circular No. SEBI/HO/AFD/RAC/CIR/2022/088 Dated 24th June 2022)
SEBI: SEBI has reduced the timelines for listing of units of privately placed Infrastructure Investment Trust (InvIT) to 6 working days from the date of closure of the issue. (Circular No. SEBI/HO/DDHS/DDHS_DIV3/P/CIR/2022/087 Dated 24th June 2022)
SEBI: SEBI has extended the timeline for Validation of KYC ((Know Your client) records by Registered Intermediaries. (Circular No. No. SEBI/HO/MIRSD /DoP/P/ CIR/2022/89 Dated 24th June 2022)
RBI: RBI has extended the timeline for storing of Card-on-File (CoF) data by 3 months i.e. till September 30, 2022. (Notification No. RBI/2022-23/77 CO.DPSS.POLC.No.S-567/02-14-003/2022-23 Dated 24th June 2022)
DGFT: One new Agency is notified by DGFT as Pre-Shipment Inspection Agency (PSIA) alongwith their approved equipment’s. (Public Notice No. 16/2015-2020 Dated 24th June 2022)
GST: GST Compensation Cess levy extended till 31st March 2026 which was coming to an end on 30th June 2022. (Notification No. 1/2022–Compensation Cess Dated 24th June 2022)
Income Tax: Designation of Courts in Uttarakhand as Special Court for the purposes of section 280A of the Income tax Act, 1961 and section 84 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. (Notification No. 68/2022- Income Tax Dated 24th June 2022)
RBI: RBI has doubled the limit on home loans issued by Urban Cooperative Banks to eligible borrowers (Circular No. RBI/2022-23/76 DOR.CRE.REC. NO. 49 / 09.22.010/2022-23 Dated 23rd June 2022)
